30 September 2014
Dear Sir/Madam (s), Whether 234 B & C are applicable , if the assessee is having income under 44AD and other sources also. Eg:- Income under 44AD = 2,10,000/- Income from Remaining Sources = 2,50,000/-
If they are applicable ,Please give me relavent Sections or Clauses.
30 September 2014
Interest u/s 234B and C are applicable on advance tax and advance tax provisions are not applicable when return is filed u/s 44AD. however since in your case there is income from other sources as well, interest u/s 234B and C will be applicable on other income if there is advance tax liability and default in payment of advance tax.
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